The story of this market
The typical home in ZIP 18938 sells for about $682,563, or $307 per square foot.
Prices are down 14.7% from a year ago, which gives buyers more room to negotiate. Homes take about 29 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,994 a month.
ZIP 18938 — New Hope
The 18938 housing market is currently experiencing a correction, with median sale prices declining year-over-year as inventory remains tight. While the area remains highly desirable due to its demographics and school quality, buyers are showing increased price sensitivity, leading to a cooling in the pace of sales.
This ZIP is ideal for affluent families, professionals commuting to the Philadelphia/Trenton metro areas, and retirees seeking a high quality of life with access to cultural and outdoor amenities.
Median prices moved down 14.7% year over year.
Homes spend a median of 29 days on market with 1.1 months of supply — a fast-moving market.
24% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.7% · poverty 2.7% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 18938, Bucks County PA
The area is served by the New Hope-Solebury School District, which is consistently highly rated and recognized for academic excellence.
The area faces moderate risks related to flooding near the Delaware River and seasonal storm-related wind damage.
Economic momentum is driven by its proximity to the Philadelphia and New Jersey employment corridors, with a focus on tourism, professional services, and high-end residential development.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Pennsylvania) — Homestead/Farmstead Exclusion: Formula: (Assessed Value - Exclusion Amount) × Tax Rate = Tax Owed. Exclusion amount varies by school district and county. State (Pennsylvania) — Property Tax Assessment: Tax = Assessed Value × Local Millage Rate (1 mill = $1 per $1,000 of assessed value).
Residents primarily commute by car toward Philadelphia or Trenton, with limited public transit options available directly within the ZIP code.
The area features extensive access to the Delaware River, the Delaware Canal State Park towpath, and numerous local golf courses and boutique shopping districts in New Hope.
The rental market is characterized by high demand for single-family homes and apartments, with limited inventory and a significant presence of long-term residential leases.
The local economy is anchored by tourism, hospitality, and professional services, with many residents working in the broader Philadelphia-Camden-Wilmington metro area.
Transportation is primarily highway-dependent, with access to US-202 and PA-32; public transit is limited to regional bus connections.
Development is largely focused on high-end residential infill and preservation of historic properties.
Bucks County utilizes a county-wide assessment system based on historical base-year values.
Parcels are subject to school district taxes, municipal taxes, and county taxes; no major MUD/PID districts are prevalent.
Property insurance premiums are influenced by regional flood risk and the age of the housing stock.
Data retrieved from Census Reporter and Simplemaps ZCTA profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
- Sesame Place Philadelphia4.113.4 mi
- Otherworld Philadelphia4.519.4 mi
- Kids Castle Central Park4.89.1 mi
- K1 Speed Horsham4.513.8 mi
- Newtown Athletic Club4.210.2 mi
- Peddler's Village4.72.3 mi
- Grounds For Sculpture4.816.6 mi
- Shady Brook Farm4.510.6 mi
- CURE Insurance Arena4.215.8 mi
- Keswick Theatre4.519.2 mi
- Peddler's Village4.72.3 mi
- Shady Brook Farm4.510.6 mi
- Regal Warrington Crossing4.312.6 mi
- Fonthill Castle4.87.4 mi
- Kids Castle Central Park4.89.1 mi
- Peddler's Village4.72.3 mi
- Grounds For Sculpture4.816.6 mi
- Otherworld Philadelphia4.519.4 mi
- Fonthill Castle4.87.4 mi
- Mercer Museum4.87.9 mi
- Kids Castle Central Park4.89.1 mi
- Tyler State Park4.88.8 mi
- Peace Valley Park4.810.9 mi
- Washington Crossing Historic Park4.77.6 mi
- Core Creek Park4.712 mi
- Neshaminy State Park4.619.6 mi
- Mercer County Park Marina & Boathouse4.819.4 mi
- Neshaminy State Marina4.719.8 mi
- Heron Glen Golf Course4.610.7 mi
- Five Ponds Golf Club4.411.6 mi
- Mountain View Golf Course4.29.8 mi
- The Bucks Club4.58 mi
- Spring Mill Country Club4.610.6 mi
- Peddler's Village4.72.3 mi
- Shady Brook Farm4.510.6 mi
- ShopRite of Flemington4.412 mi
- Solebury Orchards4.82.6 mi
- Marshalls & HomeGoods4.47.7 mi
- Trenton-Mercer Airport3.910.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Historic towpath trail along the Delaware River.
Renowned for its arts scene, boutique shops, and riverfront dining.
A historic regional theater and cultural landmark.
Key-figure check: median price diverges 61.0% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict.